Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer weighed in on. A caller asked if Cramer thinks the stock is a buy, sell, or hold for the long term, and he remarked:

“Yeah, absolutely. I love the fact that it came in. I want stocks to go down a little so we can prevent the kind of situation that we got with BlackRock and present the kind of situation we got with Wells Fargo. Meta’s coming in a little. That is great. The stock is very inexpensive when you back out the cash. Very inexpensive, by the way, if… [it] ever decide to try, I don’t know, billing for WhatsApp. It is a fantastic company, and I’m glad you brought it up to me.”

Meta (NASDAQ:META) develops technologies and applications that enable people to connect and share through social media, messaging, and immersive experiences. The company’s products include platforms like Facebook, Instagram, WhatsApp, and virtual and augmented reality tools.

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Disclosure: None. This article is originally published at Insider Monkey.